No difference between gift and settlement for capital gain. Holding period of previous owner (settlor) transferring capital asset u/s 2(42A) to be counted

No difference between gift and settlement for capital gain. Holding period of previous owner (settlor) transferring capital asset u/s 2(42A) to be counted

May 12, 2016 Income Tax, ITAT, Judgments
No difference between gift and settlement for capital gains purposes. In a recent judgment, ITAT, Chennai has held that  there is no difference between a gift and settlement and for the purpose of computing capital gains, the holding period of the capital asset (Trade Mark) transferred,  the holding period …
Internship Programme Department of Expenditure MoF FY 2016-17 How to apply. Eligibility, Duration, Remuneration, Placement, Certificate and Selection

Internship Programme Department of Expenditure MoF FY 2016-17 How to apply. Eligibility, Duration, Remuneration, Placement, Certificate and Selection

May 11, 2016 Finance Ministry
Internship Programme Department of Expenditure MoF FY 2016-17 How to apply. Eligibility, Duration, Remuneration, Placement, Certificate and Selection  No.A.33025/04/2016-Ad.I Government of India Ministry of Finance Department of Expenditure North Block  New Delhi, 9th May, 2016 Subject:- Internship Programme of Department of Expenditure The objective and guide lines/salient features …
No mandatory show cause notice requirement us 263. Only reasonable opportunity of hearing to be afforded to the assessee-Supreme Court

No mandatory show cause notice requirement us 263. Only reasonable opportunity of hearing to be afforded to the assessee-Supreme Court

May 11, 2016 Income Tax, Judgments, Supreme Court
No mandatory show cause notice requirement us 263-SC. Only reasonable opportunity of hearing to be afforded to the assessee The Supreme Court in its latest judgment delivered in the case of legendary Indian Movie actor Amitabh Bachchan (Big-B) has upheld and restored the CIT revisionary order u/s 263 …
Govt plan making black money fake notes circulating ineffective. No guidelines to minimise cash transactions to curb money laundering, black money.

Govt plan making black money fake notes circulating ineffective. No guidelines to minimise cash transactions to curb money laundering, black money.

May 10, 2016 Black Money
Govt plan making black money fake notes circulating ineffective. Denies about any guidelines to minimise cash transactions to curb money laundering, black money.  The Government has not issued any guidelines regarding minimising daily financial transactions in cash to curb money laundering, black money and so on. However, the plans of …